Offshore Minerals Act 1998
sec.89Term of renewal of exploration permit
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sec.89 Term of renewal of exploration permit
A renewal of an exploration permit comes into force on the later of the following days— the day on which the renewal is registered; the day on which the previous term of the tenure expires. See division 6 for renewal. The term of a renewal of a tenure ends 2 years after the day on which the previous term of the tenure expires. The tenure may be surrendered at any time (see section 127 ). In working out the previous term of the tenure, section 90 must be disregarded. An exploration permit can not be renewed more than 3 times. (sec.89-ssec.1) A renewal of an exploration permit comes into force on the later of the following days— the day on which the renewal is registered; the day on which the previous term of the tenure expires. See division 6 for renewal. (sec.89-ssec.2) The term of a renewal of a tenure ends 2 years after the day on which the previous term of the tenure expires. The tenure may be surrendered at any time (see section 127 ). (sec.89-ssec.3) In working out the previous term of the tenure, section 90 must be disregarded. (sec.89-ssec.4) An exploration permit can not be renewed more than 3 times.
- (a) the day on which the renewal is registered;
- (b) the day on which the previous term of the tenure expires.